Dubai-based telco du announced Tuesday that is has raised a long-term debt finance of almost one billion dollars from a consortium of banks, as it looks to heavily grow and expand within the 5G market. According to operator, the debt will be split a $539 million five-year revolving credit facility and a $484 million seven-year […]
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Sony Interactive Entertainment and Discord announced on Monday a partnership that will see the popular gaming-focused chat app integrated within the PlayStation’s in-house social tools, both companies said in a joint statement. While the brief announcement didn’t specify the nature of the partnership, it highlighted a promise to “bring the Discord and PlayStation experiences closer […]
It’s estimated by the American Psychiatric Association that one in 11 people will be diagnosed with posttraumatic stress disorder (PTSD) in their lifetime, but new virtual reality (VR) technology is providing hope for the recovery of those suffering. UCF RESTORES, a nonprofit trauma research center and treatment clinic at the University of Central Florida, has […]
Europe’s healthtech companies are now worth $41 billion, up from $8 billion reported back in 2015, as the continent bolsters its position as the #2 in global healthcare expenditures, following the United States, a recent study by Dealroom, Inkep Capital, MTIP found. This spike in valuation can be attributed to the focus in telemedicine, operation […]
Missing out on Thin Mints in the pandemic? A Google affiliate is using drones to deliver Girl Scout cookies to people’s doorsteps in a Virginia community. The town of Christiansburg has been a testing ground for commercial delivery drones operated by Wing, a subsidiary of Google’s corporate parent Alphabet. Now the company is adding the […]
Facebook’s stock jumped Wednesday into record territory after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue. CEO Mark Zuckerberg said the extra money means the company will invest more in new areas of potential growth — including augmented and virtual reality, commerce, business messaging and content creators, […]
Finnish telecoms equipment vendor Nokia reported on Thursday a better-than-expected Q1 financial report, with revenue and profit bolstered by a growth in 5G equipment sales. According to the earnings report, quarterly revenues spiked at three percent to 5.08 billion euros ($6.16 billion), beating a consensus figure of 4.72 billion. “We expect our typical quarterly earnings […]
Ethiopia’s state-owned provider, Ethio Telecom, announced on Wednesday the rollout of its mobile money service TeleBirr, which will be made available to subscribers starting May 2021. The announcement comes just two days after two telcos – South Africa’s MTN and a consortium from Vodafone – made bids to enter the Ethiopian telecoms market, which is […]
Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved. Sales declined 16.5% from a year earlier to 152.2 billion yuan ($23.5 billion) due in part to lower revenue for its consumer unit, the company said. It gave no earnings but said its profit […]
China plans to launch the core module for its first permanent space station this week in the latest big step forward for the country’s space exploration program. The Tianhe, or “Heavenly Harmony” module is set to be hurtled into space aboard a Long March 5B rocket from the Wenchang Launch Center on the southern island […]